January 29, 1973
RULES REQUIRING DISCLOSURE OF MATERIAL FACTS BY CORPORATIONS WHOSE SECURITIES ARE LISTED IN ANY STOCK EXCHANGE OR REGISTERED/LICENSED UNDER THE REVISED SECURITIES ACT
In the interest of investors, the Securities and Exchange Commission (SEC), pursuant to the powers vested in it under existing laws, particularly, the Revised Securities Act and Republic Act No. 1143, hereby promulgates the following rules:
1. To Disclose Every Material Fact. — Every corporation whose securities are listed and traded in any stock exchange in the Philippines or registered/licensed under the Securities Act, shall make a reasonably full, fair and accurate disclosure of every material fact relating to or affecting it which is of interest to investors. A fact is material if it induces or tends to induce or otherwise affect the sale or purchase of its securities, and shall include the following: cdrep
a. Acquisition of mining claims, patent or formula, real estates, or similar capital assets;
b. Discovery of mineral ores, oil, etc.;
c. Declaration of cash or stock dividends. — Notice of declaration of dividends shall be given to...
